The stock is at absolute lows, in stark contrast to the sector indices, which are not at these levels. This relative weakness suggests extreme caution regarding the stock. It will be necessary to wait for some confirmation, such as signs of strength and interest from buyers, BEFORE considering any bullish positions. We are in the area of the lower parallel of a...
...if @elonmusk makes of @Twitter the @PayPal of crypto (!!!???) We will check the levels on this chart. 50% lower parallel Median line as dynamic support zone (test) right now. Update of:
Somehow interesting and pretty relevant is now to check the perfect support offered by the lower parallel Median Line from 1'.2'.3' . Let's see if DOGE can move back above 0.1$ now (next huge psychological resistance) Update of
The Median Line worked pretty well taking the top both in Dogecoin and in Tesla. This chart update this study: Dogecoin is testing the Center Line level right now and that resistance need to be cleared for a move higher.
The Median Line per I.II.III: DXY back to test the Center Line =dynamic support zone now. The strong trend looks intact. This is a good way to use the Median Line to track the trend consistency. Update of:
Both in in BTC and SPY charts we have Median Lines that worth a check: In BTC prices are now under the 50% upside parallel Median Line and the current move could be a pullback of that level, in that case prices could be headed much lower , the Center Line is under 10K right now. in SPY prices are above the 50% upside parallel but a move back under the 1/2 of the...
Both in in BTC and SPY charts we have Median Lines that worth a check: In BTC prices are now under the 50% upside parallel Median Line and the current move could be a pullback of that level, in that case prices could be headed much lower , the Center Line is under 10K right now. in SPY prices are above the 50% upside parallel but a move back under the 1/2 of the...
The Median Line per I.II.III: DXY back to test the Center Line =dynamic support zone now. The strong trend looks intact. This is a good way to use the Median Line to track the trend consistency. Update of
...but the potential break of the dynamic trendline. In case of further weakness: 1. 15K and 13.8K pretty relevant static supports. 2. the Median Line per 1.2.3 is (now) pointing out a potential first "target zone" back slightly under 10K (orange arrow zone in the chart). Confirmation needed. Update of:
The pattern is intercepting the trend here. Nice to see how the 2020 lows found buyers and the price moved back above the 50% lower inside. Update of the concept shared here:
Spread BTP-BUND and the Median Line. The inevitable( and bad) financial consequences of the political crisis in Italy. The Center Line - natural first target of the pattern is above 300 right now.
1- The trendline from 2015 and 2020 lows (Blue dashed in the chart) is offering a good support zone to check. 2- The SMA 50 support zone. 3- This is also the test zone of the 50% upper inside of the red Median Line per 1.2.3. Update of
Test of the Center Line for DXY. We been tracking this pattern since: Potential trend exhaustion on watch.
This is only to update this and this Support zone on watch here - orange arrow.
In case of a strong move up we will check the 0.985 price zone (Red dotted horizontal trendline in the chart) . That should be a strong Resistance zone. 0.10 psychological level of course. This chart is an update due to the recent nice move up. Update of: Again: NO price predictions here but maybe U can use the levels in this chart to track the future price...
In the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun! Now the Median Line per 1.2.3. been shared for the first time here The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well. Here is another update of the same...
Prices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as...
May 12 analysis: "the Red Median Line for a potential "first target" zone to check in case of test of the Center Line." Right now prices are testing testing the Center Line of the red downsloping Median Line. This is also a pretty relevant static support zone to check. In case of a move under the ~ 20K support zone then please check this pattern